Audit 290232

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federalgrant activity of Pacific Asian Consortium in Employment (PACE), and is presented on the accrual basis of accounting. The SEFA does not include expenditures of PACEs subsidiary,Pace Finance Corporation, as Pace Finance Corporation has a separate single audit. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of,the consolidated financial statements. The accompanying SEFA is presented using the accrual basis of accounting, which is described in the notes to the consolidated financial statements of PACE as of and for the year ended June 30, 2023. De Minimis Rate Used: N Rate Explanation: Loan/loan guarantee outstanding balances PACE has received funds from the U.S. Small Business Administration as part of the Microloan Program (Assistance Listing #59.046). The outstanding balance of the loans was $957,145 at June 30, 2023.